Sri Lanka, Sept. 23 -- A 35-year-old man has been arrested in Wellampitiya in connection with an investigation into the alleged illegal transfer of foreign currency reserves worth Rs. 24.85 billion out of Sri Lanka, police said.

The arrest was made on September 22, 2026, by the Financial Crimes Investigation Division (FCID), which is conducting the investigation on the instructions of the Inspector General of Police following a complaint lodged at Police Headquarters.

According to investigators, 89 companies registered in Sri Lanka are suspected of transferring foreign currency out of the country through telegraphic transfers under the guise of importing goods. However, authorities allege that the goods declared in the transactions wer...